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Camp Rainbow offers overnight summer camp programs for children ages 10 to 14 every summer during June and July. Each camp session is one week and can accommodate up to 200 children. The camp is not coed, so boys attend during the odd-numbered weeks and girls attend during the even-numbered weeks. While at the camp, participants make crafts, participate in various sports, help care for the camp's resident animals, have cookouts and hayrides, and help assemble toys for local underprivileged children. The camp provides all food as well as materials for all craft classes and the toys to be assembled. One cabin can accommodate up to 10 children, and one camp counselor is assigned to each cabin. Three camp managers are on-site regardless of the number of campers enrolled. Following is the cost information for Camp Rainbow's operations last summer: Number of Cost to Run Camp $ 13,810 Week Campers 1 184 2 142 10,990 92 8,060 4 106 8,180 5 158 12,930 6 148 10,790 7 150 11,750 8 178 13,130 Required: 1. Perform a least-squares regression analysis on Camp Rainbow's data. 2. Using the least-squares regression results, calculate the camp's expected operating cost if 150 children attend a session. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the least-squares regression results, calculate the camp's expected operating cost if 150 children attend a session. Note: Round your intermediate calculations and final answer to 2 decimal places.

Camp Rainbow offers overnight summer camp programs for children ages 10 to 14 every summer during June and July. Each camp session is one week and can accommodate up to 200 children. The camp is not coed, so boys attend during the odd-numbered weeks and girls attend during the even-numbered weeks. While at the camp, participants make crafts, participate in various sports, help care for the camp's resident animals, have cookouts and hayrides, and help assemble toys for local underprivileged children. The camp provides all food as well as materials for all craft classes and the toys to be assembled. One cabin can accommodate up to 10 children, and one camp counselor is assigned to each cabin. Three camp managers are on-site regardless of the number of campers enrolled. Following is the cost information for Camp Rainbow's operations last summer: Number of Cost to Run Camp $ 13,810 Week Campers 1 184 2 142 10,990 92 8,060 4 106 8,180 5 158 12,930 6 148 10,790 7 150 11,750 8 178 13,130 Required: 1. Perform a least-squares regression analysis on Camp Rainbow's data. 2. Using the least-squares regression results, calculate the camp's expected operating cost if 150 children attend a session. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the least-squares regression results, calculate the camp's expected operating cost if 150 children attend a session. Note: Round your intermediate calculations and final answer to 2 decimal places.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Camp Rainbow offers overnight summer camp programs for children ages 10 to 14 every summer during June and July. Each camp session is one week and can accommodate up to 200 children. The camp is not coed, so boys attend during the odd-numbered weeks and girls attend during the even-numbered weeks. While at the camp, participants make crafts, participate in various sports, help care for the camp's resident animals, have cookouts and hayrides, and help assemble toys for local underprivileged children. The camp provides all food as well as materials for all craft classes and the toys to be assembled. One cabin can accommodate up to 10 children, and one camp counselor is assigned to each cabin. Three camp managers are on-site regardless of the number of campers enrolled. Following is the cost information for Camp Rainbow's operations last summer: Number of Cost to Run Camp $ 13,810 Week Campers 1 184 2 142 10,990 92 8,060 4 106 8,180 5 158 12,930 6 148 10,790 7 150 11,750 8 178 13,130 Required: 1. Perform a least-squares regression analysis on Camp Rainbow's data. 2. Using the least-squares regression results, calculate the camp's expected operating cost if 150 children attend a session. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the least-squares regression results, calculate the camp's expected operating cost if 150 children attend a session. Note: Round your intermediate calculations and final answer to 2 decimal places.
Transcribed Image Text:Camp Rainbow offers overnight summer camp programs for children ages 10 to 14 every summer during June and July. Each camp session is one week and can accommodate up to 200 children. The camp is not coed, so boys attend during the odd-numbered weeks and girls attend during the even-numbered weeks. While at the camp, participants make crafts, participate in various sports, help care for the camp's resident animals, have cookouts and hayrides, and help assemble toys for local underprivileged children. The camp provides all food as well as materials for all craft classes and the toys to be assembled. One cabin can accommodate up to 10 children, and one camp counselor is assigned to each cabin. Three camp managers are on-site regardless of the number of campers enrolled. Following is the cost information for Camp Rainbow's operations last summer: Number of Cost to Run Camp $ 13,810 Week Campers 1 184 2 142 10,990 92 8,060 4 106 8,180 5 158 12,930 6 148 10,790 7 150 11,750 8 178 13,130 Required: 1. Perform a least-squares regression analysis on Camp Rainbow's data. 2. Using the least-squares regression results, calculate the camp's expected operating cost if 150 children attend a session. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the least-squares regression results, calculate the camp's expected operating cost if 150 children attend a session. Note: Round your intermediate calculations and final answer to 2 decimal places.
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